King of Spain Juan Carlos I

In a wide-ranging tax fraud case that captivated Spain, Princess Cristina was found not guilty Friday of being an accessory to fraud but her husband was convicted and sentenced to more than six years in prison.

A panel of judges ruled that Cristina, the 51-year-old sister of King Felipe VI, will be required to pay over $280,000 in fines because the court considers that she indirectly benefited from the fraud.

Her husband, Inaki Urdangarin, was found guilty of evading taxes, fraud and various other charges. He was sentenced to six years and three months in prison and a fine of $545,000.

Urdangarin, a 49-year-old former handball Olympic medalist, can still appeal...

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